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Category Archives: Banking News

Separate pay scale for 4 nationalized banks soon The government will announce a separate pay scale for the employees of four nationalized banks soon. Finance Minister Abul Maal Abdul Muhith disclosed this while addressing the annual conference of Janata Bank Ltd as the chief guest in the capital on Thursday. The process of the separate pay scale for the four nationalized banks is at final stage as ... Read More »

ACC asks Petrobangla chairman to provide info on MDs of subsidiaries

The Anti Corruption Commission (ACC) on Tuesday sent a notice to Petrobangla chairman Prof Dr M Hossain Monsur asking him to provide some information concerning the managing directors of six sister companies, reports UNB Connect. ACC deputy director Ahsan Ali sent the notice seeking information on five managing directors of Petrobangla’s sister companies as to whether they have faced any ... Read More »

BB puts ceiling on ATM fees

Banking Desk Bangladesh Bank (BB) on Tuesday capped the fees for ATM (automated teller machine) services to encourage people to use electronic transactions at their convenience instead of taking the risk of cash withdrawal from branches. The central bank in a circular fixed the fees for per transaction at Taka 10 for using the ATM installed by the same card ... Read More »

Lakho Konthe Sonar Bangla: Money of IBBL should be returned: Inu Information Minister Hasanul Haque Inu has commented that the money denoted by Islami Bank Bangladesh Ltd (IBBL) for organising ‘Lakho Konthe Sonar Bangla’ program should be returned. The minister made the comment while speaking at the distribution ceremony ‘Mubasher Ali Gold Medal’ at Bangla Academy in the city on Tuesday. It can be here mentioned that Prime Minister Sheikh ... Read More »

US regulator sues 16 banks for alleged Libor rigging

BBC Online A US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor). The Libor rate is used to set trillions of dollars of financial contracts, including mortgages and financial transactions around the world. The regulator said the manipulation caused substantial losses to 38 US banks which were shut down during and after the 2008 ... Read More »

First Security Islami Bank, AB Bank & GBB Power recommend cash & stock dividends

The Board of Directors of First Security Islami Bank Ltd, AB Bank Ltd and GBB Power on Thursday recommends cash and stock dividends for the year ended on December 31, 2014, reports UNB. The Board of Directors of First Security Islami Bank Ltd has recommended 10 percent cash dividend only for Shareholders except Sponsors/Directors for the year ended on December ... Read More »

Now, bank vault keys going missing

Keys to vaults of two branches of as many banks in Chittagong have been lost in incidents that police describe as mysterious. According to police, the vault key of the UCBL’s Jubilee Road branch under Kotwali Police Station was lost on Tuesday. The private bank’s First Vice-President Md Zakaria filed a general diary with Kotwali police in the morning. Senior ... Read More »

Manager, cashier suspended over Bogra SB heist

Bogra The authorities on Monday suspended Sonali Bank Adamdighi branch manager Shamsuddin Sharif and its cashier Ajharul Islam in connection with the looting of Tk 32.51 lakh from the branch. “Shamsuddin and Ajharul have been suspended as per the directives of the higher authorities,” said Abdus Samad, deputy general manager (DGM) of Sonali Bank Bogra zonal office. Earlier, the duo ... Read More »

Powerful earthquake strikes off California coast

Officials say a powerful magnitude-6.9 earthquake struck Sunday night off the coast of northern California, but there was no danger of a tsunami. The U.S. Geological Survey says the temblor struck at 5:18 GMT about four miles (6 kilometers) beneath the Pacific seabed and about 50 miles (80 kilometers) west of Eureka. The Humboldt County Sheriff’s Department, which oversees most ... Read More »

EBL launches banking products for GP Platinum Plus STAR customers

Banking Desk Eastern Bank Limited (EBL) on Sunday launched a host of banking solution and services for the Platinum Plus STAR Customers of Grameenphone. Under this campaign, Grameenphone Platinum Plus STAR customers can open a special Savings Account that comes with Co-branded International VISA Platinum Debit & Credit Cards and special privileges on personal loans, locker services, student banking services ... Read More »